Aristotle Capital Management LLC Has $959.68 Million Stake in Xylem Inc. (NYSE:XYL)

Aristotle Capital Management LLC cut its position in Xylem Inc. (NYSE:XYL) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,271,667 shares of the industrial products company’s stock after selling 39,916 shares during the quarter. Xylem accounts for about 1.8% of Aristotle Capital Management LLC’s portfolio, making the stock its 24th largest holding. Aristotle Capital Management LLC’s holdings in Xylem were worth $959,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after purchasing an additional 303,854 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock worth $671,623,000 after buying an additional 135,492 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Invesco Ltd. grew its position in Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock valued at $465,229,000 after acquiring an additional 359,276 shares during the last quarter. Finally, Swedbank AB raised its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XYL shares. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus upped their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus target price of $145.56.

Xylem Stock Up 2.9 %

Shares of XYL opened at $124.30 on Friday. The company has a market capitalization of $30.25 billion, a PE ratio of 33.96, a PEG ratio of 2.33 and a beta of 1.08. The stock’s 50-day moving average price is $118.02 and its two-hundred day moving average price is $121.96. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.